Looking to diversify beyond FTIHX? The mutual funds below have historically moved differently from FTIHX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FTIHX
52 mutual funds have low correlation with FTIHX (below 0.3), 3 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.14, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.14 | 0.08 | 0.22 | 78 | Commodities | FTIHX vs FIFGX | |
| Fidelity Select Energy Portfolio | -0.04 | 0.21 | 0.34 | 87 | Energy Equities | FTIHX vs FSENX | |
| Fidelity Series Treasury Bill Index Fund | -0.00 | -0.01 | 0.02 | 100 | Ultrashort Bond | FTIHX vs FHQFX | |
| Fidelity Flex Conservative Income Municipal Bond F... | 0.09 | 0.09 | 0.08 | 98 | Municipal Bonds | FTIHX vs FUEMX | |
| Fidelity Flex Conservative Income Bond Fund | 0.09 | 0.09 | 0.07 | 99 | Total Bond Market | FTIHX vs FJTDX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FTIHX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.25, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.25 | -0.01 | 0.10 | 66 | Consumer Defensive | |
| Chubb Limited | -0.17 | 0.05 | 0.20 | 87 | Financial Services | |
| Chevron Corporation | -0.16 | 0.08 | 0.23 | 79 | Energy | |
| ConocoPhillips Company | -0.16 | 0.03 | 0.19 | 73 | Energy | |
| Occidental Petroleum Corporation | -0.15 | 0.08 | 0.24 | 68 | Energy |
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